Al Oula

After the signature of a Saudi & Korea agreement to buildup the company of “Al-Oula S & K”.

oula — Sat, 17 May 2008 12:10:11 +0000

Transfer “Al-Oula for development “to a closed joint-stock company with 1.5 milliard Riyals capital stock.

The executive president of Al-Oula Company for Buildings Development Abdulaziz Al Duailej revealed that the company management waiting the final accepting from the responsible sides to transfer it from a company with limited responsible to a closed joint-stock company with 1.5 milliard Riyals capital stock, leading up to submit it for general subscription , and he expects that has the approval on the request during the little next period.

Al-Duailej said after signed Al-Oula Company co-operation with Korea S & K company for engineering and contracting yesterday in Al-Fozan Tour in Al-Khobar to build a Saudi Korean Company with 200 million riyals capital stock called it the name of " Al-Oula S & K " for construction and its site in Al-Khobar. The aim from the cooperation to expansion the activity size of Al-Oula company in the Saudi market which has unknown mutant in requesting of the residential units with its all kinds , especially that the studies refer to that the kingdom needs more than 200 thousand residential unit annuity.

Al-Duailej showed after signed the agreement with Ayedh Al-Qahtani , Essam Abd Al-Qader Al-Mehaidab and Abdullah Al-Fozan with Wangh Swaq You the executive manager for Korean S & K company . the choice of Al-Oula company for Korean S & K company was faithfully from Al-Oula with the necessary to be its party in these big investments qualified and has a long history as S & K company which considers the third big company for contracting in the world , wherein the contracts which made in the last year reached more than 10 milliard riyals , also the company not new on the Saudi market in which it was in the market from a long time in the field of the Petrochemical and Industry , and made sure that the new company will start the actual work at the beginning of next September , also the company will make a branches for it in Riyadh and Jeddah in the middle of next 2009 for making different projects for it from the residential units with its different kinds , expecting that the company will build more than 80 thousands of residential units dispersed on the kingdom Provinces before the end of 2012.

Al-oula of Development : The kingdom inteds to start properties in Dubai with eight milliards Dirham.

oula — Tue, 20 Nov 2007 05:56:29 +0000

El damam – Abdul wahab Al Mosfer:

The Saudi Company Al-oula for Development declared about its plans to start constructive development project in Dubai Emirate with value reaches eights milliards Dirham With sharing of a number of Emirates investors in a middle location on an area reaches 55 millions feet.

The delegated member Ayedh Bn Farhan Al Qahtani said that the step of the fist for Development Company to enter projects in Dubai comes from the company’s strategy to develop kinds of projects in the Middle East which aim to apply new standards in the development of properties projects. He points that eh alliance with a number of Emirates market will shorten researches and studies operations.

He added that Al-oula Company will depend on applying new philosophy to develop the integrated properties projects in Dubai city. He pointed that the depended philosophy will differ from the properties projects in Dubai. He assured that the details of the project will be shown soon after finishing the all details of it.

Al Qahtani Said that this project is considered the second project for the company in Emirates , after its entering in Am Alqueen project through Middle Eat Emmar company which is being developed I Am al queen Emirate , on the Arabic Gulf Coast . He shows that the company has an intention to develop series of projects in Emirates.

The project exists in a middle place in the Emirate on an area reaches 55 Millions feet.

An integrated properties project will be developed and included commercial, invested and populated units. In addition to a number of high towers. It also includes hotels, educational establishments and shopping centers besides offices.

Al Qahtani expected that the work in this project will start after finishing financial, engineering and properties details. The delegated member of Al-oula company showed that the properties of Dubai market are considered one of the most important of the international markets. It could attract international companies to invest in it via various projects in addition to the vision which has ambition to have an international center in the properties development via its declared projects and the quantity of the properties which the Emirate had during the last period.

He mentioned also , although there are a lot of projects in Durbin this is appositive mark that there is a strong market that enjoys distinguished industry via offer and demand which receive the slayers and the visitors of the city which has an annual development in the number of the slayers and the visitors .

He added that the properties market in Dubai helps in the success of any project because it has the success factors via the properties arrangements and the demand increasing on the projects and the teal Mark on razing the quantity of the properties during the last year.

He assured that a study is being performed new to introduce the components of the project with form that guarantees introducing a different new ideal leader form the other in the Emirates properties market.

Al-oula Company for Development declared to expose international projects which take part in it with money over 100 milliard, Rails in the fifth housing and properties exhibition which started in the period between 11-15 November 2007 at the center of Dahran International exhibitions in the eastern Area.

Al-oula for Development will expose its project through sharing in “Zahran 5″ for properties

oula — Wed, 14 Nov 2007 06:40:55 +0000

"The Economic” form Riyadh.

The company exposes its international projects in the Middle East area in Dahran International Exhibition for properties which starts today in the center of Dahran International exhibitions in the Easter Area.

It shares this year as the head of the exhibition, the company celebrates by passing five years on its foundation and it’s achieving several successes in the properties market. The delegated member, Ayedh Bn Farhan Al Qahtani said that Al-oula Company works to extend its properties projects via the strategic companies and allies all over the Middle East Area.

This step comes from the company’s vision to possess new portion in the properties market.

Ayedh Bn Farhan Al Qahtani showed that the company has achieved several successes during the last five years after its foundation to get the confidence of both the investors and workers and buying from the allied companies that found the success of Al-oula company in its several projects.

Al Qahtani certified that Al-oula invests in the servile Saudi cities in Damam, Riyadh and Jeddah. In addition to its investment in El khafji and Attar city in the north of the kingdom. It will add new projects in Saudi cities during the next period whenever a chance to establish a successful project. He points that Al-oula began to invest in the countries of the Middle East area which are real chances to ensure its method to develop several projects on the level of the Middle East Area that lives a great change in several fields’ economy, properties and investment. Especially in the properties field.

He showed that the company will depend on showing the new and the investment of the exhibition in its head campus in the Eastern Area pointing that the company cell prove through its new projects to introduce the new in its properties projects

Wish sharing the Kantian Finance House “Al-oula for Development declares to establish a gulf Bank.

oula — Sun, 11 Nov 2007 06:52:09 +0000

El damam: Mosead Elziti:

Al-oula for Development company declares that it will intend to establish a commercial bank with sharing the Quotation finance House named “Quotation – Saudi Finance House “. The company pointed that it has a share reaches 40% of the bank and the Quotation Finance House has 60%.

The company mentioned that it will declare more details during the nest period.

Abdullah Al fozan- the representative of the head of Al-oula company management conical showed that the company will develop various projects in the next period. He declared about a housed project, it is Al-khobar lacks project Emmar Middle East Company.

It is an integrated region in the Eastern Area in Saudi Arabia. In addition to another project, it is Dammam Gate project. He showed he will expose more details after finishing the all details immediately.

When Al fozan was talking during a journalist conference in the occasion of passing five years on the company foundation, the company makes international projects with its partners over 100 milliard trials (26.6 milliard dollars). Theses projects have been exposed in the fifth housing, properties exhibition which started in the eleventh of November and will continue to the fifteenth of this month.

Soliman Al mohideb, the head of Al-oula company that that the company since she has been founded five years age adapted extended strategy which has additional value in the properties development.

He pointed that Al-oula played a large part in developing the properties industry generally in the Middle East and especially in Saudi and that via the pioneering introducing in its various projects.

Al mohideb showed that Al-oula tried through its experiences in the properties market to make a real event via founding alliances which are international to fasten and shorten the way to mix Al-oula experience the local market and its partners experiences in the international markets in vital projects that try to develop a various regional projects .It declared Al-oula of its projects, it is Jeddah’s gate. In addition to sharing in the biggest developing project in the Central Area in Makkah north of the Alharam via Shamia company for Constructive Development and building Al-oula tower in Eastern area with Investment money Company.

Ayedh Bin Farhan Alqahtani, the defecator member of Al-oula Company Showed that Al-oula Will Work Throw its new policy which is sharing with properties development in the Middle East area adapting new plans in the various projects and properties works to face all slices. The company tries to advertise about strategic and kinds of projects that interest in the final consumer. From this point of view Al-oula began in its fifth stage from its age by rebuilding the company with form suits this late expansion and that joining qualified elements able to continue the success which Al-oula company for Develop mint purposed to do.

Bridges and Tunnels Project in King Abdullah Street – Jaddeh

oula — Sat, 22 Sep 2007 08:50:46 +0000

“ Prince Khalid Al Faisal listen to illustration about Al Shamiah project from President of Al Ola Company Mr. Ayid Al Qahtani and Mr. Esam Kalthoum, Chairman of Shamiah Company – Al Ola Real Estate Affiliate.”

Jeddah: Mustafa Al Faqeh, Mohammed Al Zaid

Governor of Makka Al Mukarmah Prince Khalid AlFaisal blessed the concept of Development of North Core of Holy Haram in Makka Al Mukaramh “ Al Shamiah”. And he instructed that the said project shall be presented to the Higher Commission of Development of Makka Al Mukaramah Area and finalize other necessary studies and plans for the project and other projects which intended to be carried out by Al Shamiah Construction Development Company.

Prince Khalid has emphasized that to show and bring out the unique identity of Makka Al Mukaramah and to be as example of Islamic contemporary city.

That was occurred during Prince Khalid received in his office yesterday, the technical team of the project, where he has been briefed by the initial studies and plans of the project of Development of North Core of Holy Haram in Makka Al Mukaramh, which prepared by Al Shamiah Construction Development Company in cooperation with engineering design office “ Aoumranioun Office”.

The study of the foresaid project offers new ideas for increase of traffic movement from and to Holy Haram in Makka from the Al Madinah Street.

On the other hand, Engineer Esam Kalthoum, the Executive Director of Al Shamiah Construction Development Company, reported that: the project of Development of North Core of Holy Haram in Makka Al Mukaramh will present ambitious and practical vision, through guideline master plan combining the components of re-development and upgrading of construction. He added that, the total project area around 2.5 million square maters, extend from the edges of Holy Haram up to beyond the second round street from the north side an up to street of Holy Mosque from eastern side and up to Ka’aba Hill Street from western side, the project components include number of hotels, residential buildings, commercial malls, public facilities besides, the permanent housing for the area inhabitants. This project provides additional capacity for prayers estimated with around two hundred thousand prayers.

Exhibition our Airport and Summer 2007

oula — Sat, 04 Aug 2007 13:36:33 +0000

Opening: 04 August 2007
Place: King Fahad International Airport
Participation: by Al oula Company
Patronage Category: Main Patron
Organizers: Airport Program for communicating with community

We are seeking to use Tawarq for Financing real Estate Funds

oula — Tue, 10 Jul 2007 06:55:27 +0000

Al Youm – Dammam

Al Oula Company and Tamweel UAE Company have signed articles of association of biggest partnership to establish real estate funding company in KSA. The new company contract has been signed off recently in Riyadh, the contract is signed by Shiek Khalid Bin Saqar Bin Zayid Al Nahian, Chairman of Board of Directors of Tamweel and Mr. Sulieman Al Muhadib Chairman of Board of Directors of Al Oula Company, at the presence of Mr. Ayid Al Qahtani, Managing Director of Al Oula Company and Mr. Al Shirawi the Executive President of Tamwel. Shiek Khalid Bin Saqar Bin Zayid Al Nahian, Chairman of Board of Directors of Tamweel reported that when Tamwee Company intended to expand, KSA selected to be the first station for us. Added that the partnership with Al Oula Company has been built on uniqueness of Al Oula Company in KSA through its investment activities in the previous years, its outstanding performance, besides, Al Oula from pioneer companies entered into the UAE market. He added that Al Oula have long term perspective that encourage Tamwel to engage in partnership with Al Oula, in order to enter into the Saudi market through real estate funding company. He confirmed that Tamweel is targeting to be the biggest financing company in KSA for real estate, as happen within 3 years Tamweel became company number one n real estate funding in UAE.

He also assured that the company will bring international expertise to achieve the projected objectives, through transfer of best experiences and practices in real estate funding sector, besides, upgrading of the company work in accordance with Saudi market requirements.

On the other hand Mr. Sulieman Al Muhadib, Chairman of Board of Directors of Al Oula Company explained, “ the partnership with Tamweel will add strongly to the funding sector, and the new company will work to meet the high demand of real estate funding product in the country”

Mr. Ayid Al Qahtani, Managing director of Al-Oula, reported “establishing of real estate funding company with such big company like Tamweel will help to cut short the way to know the market state, needs and its requirements to found company of strong foundations and future vision and be as nucleus for real estate funding companies.” He added “ the officials of the new company in KSA will work to make the company as leading one and with high impact and reflection on funding market to return benefit to the market.”

Mr. Adil Al Shirawi, the Executive Director of Tamweel, pointed, “ The Saudi market requires to 200 thousand annually and the demand increasing rapidly, where the supply delay, this situation lead to create qualitative shift in the main cities in the country.” He referred “ this standard pointing to presence of market force and qualitative shift in the real estate sector, that will assist in success of any sector concerning of market.” He added, “ Tamwel will use its expertise in serving the customer.”

Mr. Al Shirawi confirmed “ Tamweel will work to the real estate financing funds and sell them in the foreign market to maintain minimum variance in price and to obtain more profit margin, that will help in providing superiority of Tamweel over competitors in real estate funding sector.”

Caravan of Welfare (Qafilat Al Khair) 2007

oula — Tue, 03 Jul 2007 10:49:31 +0000

Opening: Tuesday 03 July 2007
Place: AL- Qafla Location
Participation: by Al oula Company
Patronage Category: Main Patron

ISO Granted Al Oula Company Quality Certification

oula — Sat, 23 Jun 2007 07:03:13 +0000

Ayid Al Qahtani : Complexity of procedures for Real Estate Stocks creates losses of 8 Billion annually

Al Iqtisadiah form Riyadh – 08/06/1428H

Mr. Ayid Al Qahtani, the managing Director and President for Al Oula Company, called the concerned authorities in the state for necessity o find appropriate solution for the Act of Real Estate Stocks, which characterized by complicated procedures, which resulted in losing of huge investments range between 5 to 8 billion SR annually. That particularly led to the recent shift in transferring of great part of crude land into ready lots of high standard services, which save for investors and individual to have access for ready developed lots.

Mr. Ayid Al Qahtani spoke after obtaining of Al Oula Company the ISO Quality Certification “ if the real estate stopped then the interaction between the seeker for feasible investment channels and real estate developers will be stopped also, particularly related to real estate, which is considered less risk comparative to other markets.” Added “ existing of hindered real estate stocks was due to entering of unspecialized person into the real estate market with wrong concepts, which led to not following the proper policy regarding the real estate stocks.”

But he pointed, “ the real estate socks within the last 30 years have contributed significantly in development of the investments particularly in the eastern area, besides, development of great part of real estate lands and building.”

Mr. Ayid Al Qahtani added “ turning away of investors from real estate stocks from my point of view refer to the law which applied by the Capital Market Corporation, which is helping the bank and not helping the real estate investors, who depends on simplicity of dealing with real estate stocks.”

Mr. Ayid Al Qahtani explained “ Importance of obtaining of Al Oula the ISO quality Certification, the real estate industry in KSA will work to provide best techniques of work inside the real estate organizations that will enable them to offer good example for real estate industry, and the obtaining of Al Oula of ISO quality certification represent as new encouragement to continue professional work in order to create integrated real estate industry in the market.

Also Mr. Ayid Al Qahtani added “ the obtaining of Al-Oula Company of ISO Quality Certification will multiply liability to provide best real estate solutions in a market considered as biggest market in the area for real estate, under remarkable progress occurring the Kingdom and significant care and support receive from government of Custody of Two Holy Mosques King Abdullah Bin Abduaziz, who is supporting any activity that will return benefit to the national economy.

Construction of Al Oula Tower, Its first Project, with cost of One Billion SR

oula — Sun, 17 Jun 2007 05:49:17 +0000

Hamid Al Rawali – Khobar

Al Oula Company and Amwal International Company for investment (Kawuait) have signed yesterday partnership agreement in order to establish commercial company working in investment and dvelopment of towers in the area, the company named “ Auwal for Development” located in Khobar.

The occasion of signing off the agreement took place in offices of Al-Oula Company in Khobar city, Eastern of Saudi Arabia. Where Aiyd al Qahtani, the Managing Director, signed on behalf of Al Oula Company and Mr. Badr Al Rizajan, chairman of Board of Directors signed on behalf of Amwal Company. After the event of execution Mr. Aiyd Al Qahtani declared “ the first projects of the new company will be construction of Al-Oula Twower Project of total area of 40.000m2, with total estimated cost of one Billion SR, will be located at Cornish of Khobar.” He added, “ The Company is intend to construct this new tower to form distinguished unique mark in the eastern area and particularly in the commercial center of Khobar city.

Al Qahtani explained, “ the project will include 60-floor tower, part of it allocated to be five-start hotel and the other part will commercial offices varied in areas, where the other portions of the tower will include commercial mall for famous commercial and international trademarks all under one roof, besides, to restaurants, matching with spirit of commercial center and located on the sea beach, will be first time in Khobar city.

The Managing Director of Al-Oula Company reported “ selection of Amwal Company to establish partnership with it come as result of the experience that owned by this Kuwaiti company n management of real estate investment channels, and a desire from the Al Oula company to combine expertise of Amwal in International Financing with expertise of Al Oula company in real estate and come out with new company possess qualities of solid foundations, based on the successes of those two companies.

The tower construction awarded to world famed engineering office in order to design the project to come out with creative and unique design matching with requirements of the next phase of business world in the region, base on what is witnessing the Gulf area and Middle East area of huge shift in the volume of business and commercial activities. Al Qahtani explained, “ The tower will work to increase the commercial movement in Gulf area as to logistic services provided by the tower for many investors in the area.” Al Qahtani Added “ the tower will be completed in 2010).

On the other hand, Mr. Badr Al Rizajan, chairman of Board of Director of Amwal Company reported “ the company recently made new partnership agreement with one of the specialized companies in KSA, soon its name will be declared and nature of partnership within the few coming days.” He added, “ the Saudi market is encouraging for investment in particularly under political stability and plenty of various giant projects.” He confirmed “ The Kuwaiti investor prefer to conduct his investment out side Kuwait, due to the Kuwaiti market is small, although is considered as second biggest world market in real estate.”

Mr. Al Rizajan explained, “ The Company is currently considering number of offers submitted from Saudi companies for partnership in various fields other than the real estate filed.” He elaborated “ The Company choose the partnership with Al-Oula Company, because of qualities of leading in real estate sector and its investments, that opened to Amwal Company opportunities of partnership for investment in this sector, which is passing new qualitative progress in its investments scope, due to significant support and care received by Saudi government towards the developmental projects.

He confirmed, “that investment will be start to enter of Amwal Company in Saudi Market and Aowal Company will be one the companies for Amwall company will invest in.

Mr. Al Rizajan pointed “ the Gulf area became in need for projects such as Al-Oula Tower, which will provide various and new real estate solutions for Arab Gulf area, as the area possess strategic location of Gulf region, the company is aiming to change the traditional concepts of towers prevailing in the Arab Gulf Area, through construct it base on international shape, not exist before in world’s towers” He assured “ The real estate investment will remain the most risk investment and more safe, besides, strengthen by competition witnessing in the Arab Gulf area in sector of real estate development.”